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Latin America Investment News on Viva Tropical

Tocumen SA to Manage Three More Panamanian Airports

Article Summary:

The airports of David, Rio Hato, and Colón will change administration to be run by the same company that runs the Panama International Airport, representing a total investment of $160 million.

Photo Credit: Prensa

Original Article Text From Prensa via Google Translate :

Three airports transferred to Tocumen SA

Assets and liabilities of the airports of David, Rio Hato and Colon-terminals that are administered by the Civil Aviation Authority (CAA) – will be transferred to “freely” to the Tocumen International Airport Company, Inc., as stipulated in the decree Executive No. 654 of June 5, 2012 and was registered in the Official Gazette yesterday.

Some 160 million dollars are invested in the rehabilitation of these three airports and its operations will be switched to Tocumen SA after completion of the work that was agreed by the CAA.

Rafael Barcenas, CEO of the CAA, said that this transfer is beneficial because Tocumen, SA has greater financial resources to Aviation for the operation of these airports.

Barcenas said that about 100 employees that has the David airport will become part of Tocumen, SA, but the tower controllers of the three airports will continue to Civil Aviation.

He added that in December is expected to David terminal is operating under the administration of Tocumen, while the other two will have to wait until they complete the renovations and then set 90 days to be transferred as stated in the decree.

Link to Original Article:

From Prensa

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